We have not had any panic redemption in recent weeks: Mirae Asset

In the recent past, we have used the market volatility to add some quality franchises and replaced our weakest holdings. Overweight healthcare, insurance, automobiles/consumer discretionary.

The recent troubles at Franklin Templeton took investors by surprise and saw the Reserve Bank of India (RBI) step in with liquidity support measures. GAURAV MISRA, senior fund manager at Mirae Asset Investment Managers tells Puneet Wadhwa that investors are not panicking in aggregate. There is an understanding that volatility is inherent to the asset class, timing is tricky and that in this case volatility has been completely driven by an outside event, he says. Edited excerpts:

Markets have seen a sharp pullback since the March low. Is the recovery sustainable?

Typically after such a sharp pull back, there might